News Articles for Fortescue

Billionaire Andrew Forrest says there are scams in offsetting carbon emissions and has defended Fortescue Metals Group for not doing so.

Fortescue chief executive Elizabeth Gaines has responded to concerns about a potential reopening of state borders, saying the company can track, trace and test to manage a mine site outbreak.

Andrew Forrest will receive a $2.4 billion dividend from Fortescue Metals Group, after the company's profit more than doubled thanks to high iron ore prices.

The share prices of Australia's big iron ore miners have fallen by an average of 13 per cent over the past week, under the weight of a lower commodity price and higher costs.

Dozens of women have reported being sexually harassed on Western Australian mine sites, but the big miners concede the true number of cases is likely to be higher.

Major resources players are increasingly investing profits made in WA elsewhere.

Rio Tinto has linked arms with the state government to roll out COVID-19 vaccines to FIFO workers and Pilbara residents.

BHP has disclosed that its iron ore production costs are set for a big increase next year but will remain just below those of rival Rio Tinto.

Developing a hydrogen industry will be critical for WA's economy if LNG fades, but there should be no illusion it will be simple.

ASX-listed contractor Decmil Group has secured new work, including at Fortescue Metals Group's Cloudbreak mine in the Pilbara.

Fortescue Metals Group has leased more than 3,000 square metres of space at an office building close to its headquarters in East Perth.

The mining industry is turning green, but ‘old' sectors like gold and iron ore are still attracting keen support.

Some operations at Fortescue Metals Group's Cloudbreak mine have been suspended and Qantas has cancelled flights after a mine worker returned a weak COVID-positive result.

Fortescue Metals Group has commenced contact tracing of up to 2,000 workers at its Cloudbreak mine after a maintenance contractor tested positive for COVID.

A new owner is reshaping the long-running coffee roastery, with multiple acquisitions and an environmentally focused packaging company.

Fortescue Metals Group has enjoyed a huge surge in cash flow and another rise in its share price after beating its shipments guidance for the 2021 financial year.

The engineering and construction arm of ASX-listed WestStar Industrial has secured its biggest contract to date, for work on Fortescue Metals Group's Iron Bridge magnetite mine in the Pilbara.

The EPA has given Glencore subsidiary Minara Resources the green light to conduct an exploration program in the southern portion of its Irwin Hills Project in the north-eastern Goldfields.

ASX-listed mining technology company K2fly has laid out plans for an executive changing of the guard with Chief Commercial Officer and veteran industry leader Nic Pollock to take the helm as Chief Executive Officer from the start of September this year. Current CEO Brian Miller says he remains committed to the company and will continue as an Executive Director.

Borrowers beware; warning bells are ringing that a change in market conditions has started.

The state's environment minister has rejected appeals against decisions to allow two of Australia's biggest iron ore miners to increase their annual exports through Port Hedland, despite ongoing concerns about dust.

Fortescue Metals Group is preparing branding for its green hydrogen and steel arm, with more than 30 trademarks pending, including the slogan 'The Power of Now'.

St George Mining is off to a flying start in its copper-gold search in the “world-class” Paterson region of Western Australia with multiple holes from its maiden drilling campaign at its Paterson prospect hitting prospective basement rocks. Initial XRF analysis has returned elevated levels of pathfinder elements suggesting potential for base metal and gold mineralisation across 35km of target stratigraphy at the company's tenure.

Fortescue Metals Group has awarded its single largest contract to an Aboriginal business, after confirming a five-year maintenance contract with Warrikal.

Andrew Forrest's Fortescue Metals Group is accumulating tenements near the coastline around Carnarvon, with applications lodged for more than 50 blocks in recent weeks.

Fortescue Metals Group and Curtin University are part of a consortium to research low-carbon iron pellets, cement and alumina, which received $39 million from the federal government today.

Another iron ore boom has produced a long list of aspiring miners. We dig deep to assess who is likely to make it.

Top officials from the mining industry have come together to affirm their support for clamping down on sexual assault in the workplace as allegations of misconduct roil the sector.

Two reports this week have highlighted concerns that commodity prices have peaked, with UBS saying iron ore is approaching an inflection point and set to fall sharply.

Engineering and construction company Monadelphous has won a number of new contracts including work on major iron ore projects Gudai-Darri and Iron Bridge.

China's not the only game in town, as recent moves in the resources sector demonstrate.

Fortescue Metals Group has confirmed its plans to develop a suite of multi-billion-dollar green energy projects in the Democratic Republic of Congo.

Former Artrage chief executive Marcus Canning and Fortescue deputy chief executive Julie Shuttleworth were among the Western Australians recognised by the 2021 Queen's Birthday Honours.

The mining sector is the largest supporter of indigenous businesses in Australia, but the contribution of the big miners is highly variable.

Fortescue Metals Group has again revised the cost of its Iron Bridge magnetite project in the Pilbara, to as much as $US3.5 billion.

Woodside Petroleum and Fortescue Metals Group have announced separate agreements today with major Japanese companies to assess production of green ammonia in Tasmania.

Fortescue Metals Group is aiming to award $1 billion of contracts to Aboriginal businesses and joint ventures over the next decade through its new green energy operation.

Administrators from EY have been appointed to various Pindan Group companies from 5pm this afternoon.

Resources companies need workers, while the state has the most job vacancies since 2012.

NRW Holdings has secured the crushing plant contract for Fortescue Metals Group's Cloudbreak operation while Pacific Energy is building a battery storage system for the Pilbara miner.